Fuel oil smuggling network rakes in $1 billion for Iran and its proxies, Reuters reports
- A fuel oil smuggling network generates at least $1 billion a year for Iran and its proxies in Iraq, according to five sources with knowledge of the matter told Reuters.
- Each month, 500,000 to 750,000 metric tons of heavy fuel oil is exported, primarily to Asia, as stated by two of the sources.
- The operation, which is linked to individuals under US sanctions, is on Washington's radar, meaning the situation is being closely monitored by the U.S. government.
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The fuel smuggling network provides $1 billion for Iran and its proxies, with up to 750,000 tons of smuggled fuel oil passing through Iraq every month, bringing Iran and its allies about $1 billion a year. The scheme intensified after Iraqi Prime Minister Mohammed Shia al-Sudan came to power in 2022.
Fuel oil smuggling network rakes in $1bn for Iran and its proxies: sources
A sophisticated fuel oil smuggling network some experts believe generates at least $1bn (R18.1bn) a year for Iran and its proxies has flourished in Iraq since Prime Minister Mohammed Shia al-Sudani took office in 2022.
Fuel oil smuggling network rakes in $1 billion for Iran and its proxies
The sophisticated smuggling network that some experts believe generates at least $1 billion a year for Iran and its proxies has flourished in Iraq since Prime Minister Mohammed Shia al-Sudani took office in 2022.
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- 47% of the sources are Center
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